Reeves ready to support release of oil reserves as she warns of inflation from Iran war

Chancellor warns Iran conflict 'likely to put upward pressure on inflation'

Rachel Reeves has warned of economic impact as oil prices seesaw following Middle East crisis

UK finance minister warns of higher inflation amid Iran war

UK finance minister Rachel Reeves warned on Monday the country could face rising inflation due to the fallout of the US and Israel's war.

Iran war 'likely to put upward pressure' on inflation, Rachel Reeves says

The chancellor has told MPs inflation is likely to increase as the conflict in Iran rumbles on. She also set out the government's plan to protect families and businesses.

Reeves warns inflation will rise due to Iran war but there's good news on bills

Chancellor Rachel Reeves is delivering a statement today on the unfolding crisis in the Middle East after emergency talks with G7 allies. See below for the latest updates

Rachel Reeves warns US-Iran war will 'put upward pressure' on inflation and defends energy bill plan

Chancellor Rachel Reeves has doubled down on her plan to bring down energy bills despite admitting the US-Iran war will likely "put upward pressure" on British households this year

Rachel Reeves warns of ‘upward inflationary pressure’ caused by Iran war

The Chancellor said she was ready to support a ‘co-ordinated release’ of international oil reserves.